FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.8 for the month, down another 2.1 percent from March and 2 percent compared with April 2015, according to the American Trucking Associations.
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Meanwhile, the European Commission Competition Directorate has set a “provisional deadline” for a decision on CMA CGM's purchase of APL parent Neptune Orient Lines for this Friday, April 29.
The mid-Atlantic port will now weigh export containers on scales near the gates and provide the measurement to shipping lines according to longstanding protocols.
COSCO Pacific, the port terminal operator arm of Chinese conglomerate COSCO Group, will pay 125.4 million euros ($143 million) for a 35 percent equity interest in the Europe Container Terminals facility at the Maasvlakte I area of the Port of Rotterdam.